+Guidelines on policies and controls for the effective management of ML/TF risks when providing access to financial services (EBA/GL/2023/04)
---+1. Compliance and reporting obligations
------+Status of these guidelines
---------+1. This document contains guidelines issued pursuant to Article 16 of Regulation (EU) No 1093/2010 …
---------+2. Guidelines set the EBA view of appropriate supervisory practices within the European Sys-tem of …
------+Reporting requirements
---------+3. According to Article 16(3) of Regulation (EU) No 1093/2010, competent authorities must notify …
---------+4. Notifications will be published on the EBA website, in line with Article 16(3).
---+2. Subject matter, scope and definitions
------+Subject matter and scope of application
---------+5. These guidelines complement the EBA’s Guidelines on ML/TF risk factors (EBA/GL/2021/02) and …
------+Addressees
---------+6. These guidelines are addressed to credit and financial institutions as defined in Article 3(1) …
------+Definitions
---------+7. Unless otherwise specified, terms used and defined in Directive (EU) 2015/849 have the same …
---+3. Implementation
------+Date of application
---------+8. The guidelines will apply three months after publication in all EU official languages.
------+Title 1: General provisions
---------+R ISK ASSESSMENT
------------+9. Credit and financial institutions should set up their policies, controls and procedures in a way …
------------+10. Credit and financial institutions should ensure that the implementation of these policies …
---------+CDD MEASURES
------------+11. Credit and financial institutions should put in place risk-sensitive policies and procedures to …
------------+12. Before taking a decision to reject or to terminate a business relationship, credit and …
---------+R EPORTING AND RECORD KEEPING
------------+13. For the purposes of reporting obligations under Article 33 of Directive (EU) 2015/849, credit …
------------+14. Credit and financial institutions should document any decision to refuse or terminate a …
---------+P ROVISIONS SPECIFIC TO THE INTERPLAY WITH D IRECTIVE 2014/92/EU
------------+15. In relation to the right of access to a payment account with basic features in accordance with …
------------+16. When ensuring non-discriminatory access to a basic payment account under Article 15 of …
------------+17. Over time and as their understanding of the ML/TF risk associated with individual business …
------+Title 2: Adjusting the intensity of monitoring measures
---------+18. Credit and financial institutions should set out in their policies and procedures how they …
---------+19. Credi t and financial institutions’ policies and procedures should contain guidance on handling …
------+Title 3: Targeted and proportionate limitation of access to products or services
---------+20. Credit and financial institutions’ policies and procedures should, where permitted by national …
---------+21. In relation to ML/TF risks associated with customers who are particularly vulnerable, such as …
------+Title 4: Information on complaint mechanisms
---------+22. Credit and financial institutions’ policies and procedure should specify that when they …
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Guidelines on policies and controls for the effective management of ML/TF risks when providing access to financial services (EBA/GL/2023/04)

Guidelines on policies and controls for the effective management of ML/TF risks when providing access to financial services (EBA/GL/2023/04)

https://www.eba.europa.eu/legacy/regulation-and-policy/regulatory-activities/anti-money-laundering-and-countering-financing-6 – PDF

1. Overview

,
1. Compliance and reporting obligations

1. Compliance and reporting obligations
2. Subject matter, scope and definitions

2. Subject matter, scope and definitions
3. Implementation

3. Implementation

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/